Social Security Income Tax Limit 2024. The social security administration deducts $1 from your social security check for every $3 you earn in the months before your birthday above the income limit. You file a joint return, and.

The social security wage base for 2023 is $160,200, and $168,600 in 2024. As your total income goes up, you’ll pay federal income tax on a portion of the benefits while the rest of your.